Small and Medium Investment (SMI) A window of oppo…….pptVIP

Small and Medium Investment (SMI)A window of opportunity for Egypt November, 2008 2 GAFI launches a new initiative in support of entrepreneurship and small medium investors VISION TARGETS The Strategy is based on the premise that investment is the main driver for Job creation (????????? ?? ??? ??????? ) especially in times of crises and external shocks. To make a deliberate departure from piecemeal and inadequate programs towards making SMEs a career path for the majority of the labor force, especially youth by: Shifting the emphasis from enterprises to entrepreneurs. Changing youth from Job seekers to Job makers Launching a program to create successive generations of entrepreneurs, and continuing to improve doing small medium business Building on strategic alliances with ministries and institutions with programs relevant to the SMI strategy 3 TARGETS: 2015 and 2025 Increasing SMEs contribution to GDP from its present level of 25% to 40% by 2015, and 50% over the next 10 years by 2025 . (the expected number of workers employed in this sector would be about 12 million by 2015, or 42% of a projected labor force of 28.6 million) 4 Benchmarked on Malaysian and Japanese experiences PILLARS OF THE STRATEGY 5 Deliverables 6 I 7 II 8 III 9 Existing Business units Proposed Business units PORT SAID SOUTH SINAI SUEZ NORTH SINAI DAKAHLIA NEW VALLEY MONOFIA BENI SWEIF FAYUM DAMIETTA MENIA ISMAILIA SOHAG QENA ASWAN IV IMPLEMENTATION OF THE STRATEGY 10 The implementation of the strategy will depend on close collaboration with all the actors active in this area notably: Social Fund for Development, Businessmen’s associations, NGOs working in the field of entrepreneurship, Banks and venture capital funds, and; NILEX. IMPLEMENTATION OF THE STRATEGY:Immediate Action 11 Giving effect to decentralization in close collaboration with the Ministry of Local Development and the Governors in order to empower GAFI’s offices in the Governorates Launching specific windo